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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (6825)	4/28/1999 6:23:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 30916

Even at 100, I think AMZN is overvalued, but I doubt it will go that low. At least they have a lot of revenues. Some of these overvalued Internuts have hardly any revenue at all. Ivil for example had revenues of $15M with a market cap of 2B

To: Steve Fancy who wrote (6825)	4/28/1999 6:39:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 30916

Analysts comments on AMZN numbers. I guess they must be a contrarian indicator like most analysts. > >Wednesday April 28, 5:12 pm Eastern Time > >(Note: this article is ''in progress''; there will likely be an update > >soon.) > > > >INSTANT VIEW/Amazon beats Q1 expectations > > > >SEATTLE, April 28 (Reuters) - Internet retailing giant Amazon.com Inc. > >(AMZN - news) beat Wall Street expectations on > >Wednesday, posting a pro forma net loss of $36.4 million or 23 cents per > >share in the quarter. On average analysts had expected > >a loss of 29 cents a share, according to First Call. > > > >DEREK BROWN, ANALYST, VOLPE, BROWN, WHELAN & CO: > > > >The results were ''well in excess of my expectations, it was a > >phenomenal quarter, as Q1 is a traditionally seasonally slow period of > >time for retailers.'' > > > >Amazon ''not only exceeded my revenue estimate, by $39.1 million, and > >that equates to over 15 percent, they exceeded my EPS estimate by 6 > >cents per share.'' > > > >''This shows leading companies on the Internet are going to grow > >disproportionately to the lower tier players. They will outperform > >versus the competition and > >expectations.'' > > > >LAUREN LEVITAN, ANALYST BANCBOSTON ROBERTSON STEPHENS: > > > >"The number that is incredibly impressive is the 8.4 million total > >customers -- that is incredibly impressive. These are phenomenal > >results, and it seems everybody > >getting online is going to Amazon. > > > >''After a strong first quarter we didn't think that they could improve > >that much but they've shown a 35 percent revenue growth sequentially > >over the last quarter in > >what should be a seasonally slow time of year; It shows that these guys > >are synonymous with online shopping. We estimated $260 million in sales, > >they came in at > >$293 -- so they're beating our number by 13 percent. The profit also is > >better than expected. It's very impressive.'' > > > >(Note: this article is ''in progress''; there will likely be an update > >soon.) <<